Poised for Growth Amidst Positive Momentum
Introduction
The coal industry has recently been the center of much attention due to its significant price movements and notable news. With a recent uptick of +4.63% within a week, the sector demonstrates robust market dynamics. Furthermore, Buy/Sell Ratings project a Strong Buy, and with a Positive Outlook for the sector, traders and investors alike might want to keep an eye on this space. Let's dive deeper into the intricacies of the Coal Industry.
Tickers in this group:
$ARLP - $BTU - $HNRG - $NRP - $NC - $SXC - $HCC - $ARCH - $METC - $CEIX - $AMR - $METCB
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Industry Description
The coal industry comprises companies that mine, process, and distribute coal and lignite. Coal contributes to approximately 30% of global energy production and remains a crucial resource for electricity generation. Notable companies in the sector include $ARLP (Alliance Resource Partners, L.P.), $BTU (Peabody Energy Corporation), and $ARCH (Arch Coal Inc.)
Market Cap
With an average market cap of 6.2B across the industry, companies range from a market cap of 134.4K to a whopping 75.9B. Topping the charts is $CUAEF with a valuation of 75.9B, while $CERX sits at the other end of the spectrum with a cap of 134.4K.
High and Low Price Notable News
Over the past week, the industry observed an average price growth of 1.26%. On a monthly and quarterly basis, these numbers stand at 1.87% and 7.82%, respectively. The standout performer was $MOGLF with an impressive 10.81% growth. Conversely, $METCB experienced the most significant dip, declining by -6.09%.
Recent headlines:
Volume
Examining volume data, the weekly average growth stands at 5.57%. However, when extended to monthly and quarterly timelines, the numbers depict a growth of 0.1% and a decline of -40.1% respectively.
Highlighting individual stocks:
Fundamental Analysis Ratings
The industry's fundamental ratings are as follows:
Ticker Description
For those considering investment opportunities within the Coal sector, here are a few tickers to consider based on their recent performance and indicators:
The coal industry, backed by positive indicators and promising Buy/Sell ratings, presents intriguing opportunities for traders and investors. As always, while the outlook remains positive, individual due diligence is essential to make informed decisions. Stay tuned for more sector insights and updates!
The Moving Average Convergence Divergence (MACD) for ARLP turned positive on July 18, 2024. Looking at past instances where ARLP's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a producer of coal
Industry Coal